1445 Ferry Street – Fourplex in Salem, OR

This fourplex is a unique and rare investment opportunity, offering a great location in a quaint neighborhood just blocks from the state capital, Willamette Heritage Center, Willamette University, and Salem Health Hospital. This city provides easy travel via Interstate 5, and is a central hub for politics, business, education, medical, and more. 

The property consists of four units, all having one bedroom and one bathroom. Unit sizes are: Unit A (897 square feet), Unit B (483 square feet), Unit C (270 square feet), and Unit D (464 square feet). These units have recently been updated and are in high demand. There is one dedicated parking space per unit. Gross rents of $4,250/month. This property offers an investor a sound investment. 

List price includes the 0.06-acre adjacent parcel at 1445 Ferry Street SE. Chapter 270.015 of the Salem Unified Development Code suggests that this non-conforming lot may support a new duplex. Buyer is responsible for their own due diligence. Also located in the 500-year floodplain.